HR 4365 · 113th Congress · Taxation

New Markets Tax Credit Extension Act of 2014

Introduced 2014-04-02· Sponsored by Rep. Gerlach, Jim [R-PA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2014-04-02)

Plain Language Summary

[AI summary unavailable — showing source text] New Markets Tax Credit Extension Act of 2014 - Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2013, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

15 Democrats5 Republicans
Rep. Neal, Richard E. [D-MA-1]MA
Rep. Kelly, Mike [R-PA-3]PA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Tiberi, Patrick J. [R-OH-12]OH
Rep. Rangel, Charles B. [D-NY-13]NY
Rep. Reed, Tom [R-NY-23]NY
Rep. McDermott, Jim [D-WA-7]WA
Rep. Lewis, John [D-GA-5]GA
Rep. Hastings, Alcee L. [D-FL-20]FL
Rep. Stivers, Steve [R-OH-15]OH
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Richmond, Cedric L. [D-LA-2]LA
Rep. Paulsen, Erik [R-MN-3]MN
Rep. McCollum, Betty [D-MN-4]MN
Rep. Schwartz, Allyson Y. [D-PA-13]PA
Rep. Cummings, Elijah E. [D-MD-7]MD
Rep. Kilmer, Derek [D-WA-6]WA
Rep. Roybal-Allard, Lucille [D-CA-40]CA
Rep. Enyart, William L. [D-IL-12]IL
Rep. Carson, Andre [D-IN-7]IN